When an organization experiences changes in several factors and the rate of change of those factors is rapid, they are likely experiencing HIGH UNCERTAINITY.
Organizational uncertainty: what is it?
Business uncertainty can be defined as any incident that a company cannot foresee or directly influence and that could have unfavorable results.
Decide which dangers to your business are most urgent and order them accordingly. List the main challenges that need to be addressed, such as data theft, windstorms, the departure of a well-known CEO, etc., during a brainstorming session. Then create a risk management strategy so you can prepare for the more significant possible issues in advance.
Any business has a large amount of uncertainty. There is no return without risk, as every business owner is aware. As a result, a key component of our investing and speculating is the prevalence of uncertainty.
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